Bitcoin's weekly chart continues to close with large bearish candles, engulfing the previous consolidation range. The long lower wick only indicates short-term bottom-fishing funds stepping in, but no signal of a trend reversal has emerged yet. The Bollinger Bands continue to open downward, with the price trading near the lower band, in the oversold zone. Currently, the lower band at 58,000 forms the ultimate defense level for bulls. Once the price decisively breaks below, the downward space will directly open to around 56,000. On the hourly chart, small alternating bullish and bearish candles appear continuously, forming a golden cross below the zero line, with red bars slightly expanding. Currently, short-term bulls have a slight advantage, but we should view this only as momentum recovery after overselling, lacking sustained offensive strength for bulls. Therefore, there is no need to catch bounces now, as the risk-reward ratio is unfavorable. Continue to short on rallies.